As a major tariff barrier, a(n) ____ is a tax imposed on imports.

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An import tariff is a tax imposed on imports which increases the cost of imported goods and makes them less competitive in the domestic market. This is a major tariff barrier used by governments to protect domestic industries and reduce imports. Export tariffs, on the other hand, are taxes imposed on exports to discourage their sale or to raise government revenue. Deadweight costs refer to the inefficiencies created by tariffs and other trade barriers while NTBs (non-tariff barriers) are other forms of trade barriers such as quotas, regulations, boycotts, and embargoes. An import tariff is a tax imposed on imported goods, making them more expensive and less competitive in the domestic market. This is a common form of tariff barrier used by countries to protect their domestic industries from foreign competition.

As a Major Tariff Barrier, A(n) ____ Is a Tax